Enterprise Generates $380 Million in CU Auto Loans

In its quest to continue to meet the unique needs of credit unions, Enterprise Car Sales said the two entities worked together to generate more than $380 million in loan volume in 2012.

The loan volume generated was 15% higher than 2011’s figures.The growth came through used car sales to more than 23,000 credit union members last year, according to Enterprise Car Sales.

“For more than 30 years, our relationships with credit unions have continued to grow stronger and more productive. We’ve shared the most success when credit unions consider us a part of their overall auto strategy,” said Mark McAndrews, assistant vice president at Enterprise Car Sales.

In an independent research study commissioned by Enterprise Car Sales to determine the relative consumer appeal of a variety of car-buying incentives, respondents expressed greater interest in vehicle-related offers such as warranty protection than in promotional items such as high-definition TV sets, the company said.

“Partnerships between Enterprise Car Sales and credit unions are successful because we have a lot in common, including an unprecedented level of member service, along with a commitment to their local communities,” McAndrews said. “For our committed partners, we pride ourselves in sending their members back to the credit union for financing.”

As a result of partnering with credit unions during the past 30 years, Enterprise Car Sales said it has helped generate almost $10 billion in loan volume for more than 1,000 credit unions nationwide.